Robinhood, the popular trading platform, has announced a new feature called Robinhood Connect that will enable users to access its cryptocurrency features from external applications.
According to the company’s press release, the feature will initially be available on two crypto wallets, Phantom and Exodus, with plans to extend it to other applications in the coming months.
The new feature will allow users to fund their Web3 wallets while using other decentralized applications (dApps) without logging into their Robinhood Crypto account.
This means that customers will be able to access their Robinhood credentials and bypass additional steps, making it easier and more convenient to manage their cryptocurrency assets.
Reports from Fortune suggest that the Connect feature will also allow users to trade assets through Robinhood’s cryptocurrency exchange. This will give users even more flexibility and options for managing their crypto investments.
Robinhood launched its non-custodial iOS wallet to select users in January 2023, with the app’s availability being extended in March 2023.
The new Connect feature is another step in the company’s efforts to expand its cryptocurrency offerings and make it easier for users to manage their crypto assets.